Ethema Health Corp (GRST)

[stervc]

Babubd, with that GRST incorrect thought...

I disagree with that thought regarding GRST. The dilution is very much under control as it has ceased for quite a while as for proof, the share structure has been the same for a while now as the Outstanding Shares (OS) is still 1,841,090,247 shares as of 09/22/2020:
https://www.otcmarkets.com/stock/GRST/security

https://www.globenewswire.com/news-release/2020/06/12/2047461/0/en/Ethema-Restructures-Debt-and-Raises-New-Financing-to-Acquire-Interest-in-New-Facility.html
Debt and Warrant Amendments

The following Lenders and Warrant holders have been renegotiating the terms of their debt and/or warrants. All of these agreements include lock-ups on the conversion to shares. Some of these agreements are finalized and some are pending completion of documentation.
1. Power Up Lending Group Ltd. – Paid.

2. Firstfire Global Opportunities Fund LLC – Amendment signed with Lock-up pending two payments of $25,000.00 each at end of June and July 2020.

3. Labrys Fund, LP – Amendment signed with Lock-up pending eight monthly payments of $25,000.00 each starting October 15, 2020.

4. Auctus Fund, LLC (“Auctus”) – Amendment is pending. The agreement is for a Lock-up with a payment plan of nine monthly payments of $25,000.00 each beginning October 1, 2020. Auctus is participating in the new financing.

5. Leonite Capital LLC (“Leonite”) – Term sheet signed and pending final documents. The term sheet includes the following changes:
a. The principal outstanding would be reduced to $1,250,000.00 and all existing defaults would be waived.
b. A $700,000 portion of the note would be converted to 10% redeemable preferred shares in the Company’s Canadian real estate holding subsidiary Cranberry Cove Holdings Ltd.
c. A $400,000 portion of the note would be converted into 6% callable Series A Preferred shares of the Company.
d. A $150,000 portion of the note would remain outstanding with the following changes:
i. All existing defaults would be waived
ii. No conversion between month 1 and 3
iii. Minimal leak out conversion between month 4 and 6
iv. Six Equal Monthly payments of the balance starting in month 7
The documentation to effect the Leonite amendments are still in draft form and subject to legal review.

6. All existing Leonite Warrants to be exchanged with a new Leonite five year warrant granting Leonite the option to purchase equity up to 20% of the outstanding common shares at $.10 subject to adjustment. Any portion of the warrant that is exercised will reduce the remainder of the warrant remaining based on the total number of common shares outstanding at the time of the exercise. The warrant may not be exercised in the first three months of the warrant term.

7. Series N Convertible Notes – There are approximately $3 million of Series N convertible notes outstanding plus accrued interest. A portion of these notes have extended their term and the Company expects to renegotiate the term and/or the conversion of the notes in the near future.

8. Shareholders Loan – There remains in excess of $3 million dollars of shareholder loans due to be settled in the near future.

v/r
Sterling